Net worth really is an important number. Most of your financial goals, from homes and education to retirement, will depend on your ability to build wealth in excess of debt. So let’s review how you can review your own net worth.
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Keep an emergency fund on hand in case you run into unexpected expenses. An emergency fund should be liquid — in an account that isn’t at risk of significant fluctuation like the stock market. The tradeoff is that the value of liquid cash can be eroded by inflation. But a high-interest account allows you to earn compound interest. Compare savings accounts from these banks.
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